🚀 Solana holds at $200 – ETF from Fidelity fuels optimism 🔥

💵 The price of SOL today ≈ $202, support is holding at $200–$194.

📉 Resistance in the $218–$220 zone remains a key barrier.

📊 An outflow of $21.9 million and a decline in derivative volumes indicate trader caution.

🏦 Main driver: updated Fidelity application for the Solana ETF. This boosts institutional interest and positions SOL alongside BTC and ETH.

📈 Analysts believe that a breakout above $218 could lead to a rise to $234. However, if support fails, there is a risk of a drop to $181.

🧠 My opinion:

Currently, SOL is balancing at the psychologically important level of $200. I believe that if interest from major players and positive news about the ETF are maintained, Solana can establish itself above and continue to grow. However, the market remains nervous: any negative regulatory decision or delay with the ETF could sharply drop the price. For long-term investors, Solana remains a promising asset, but speculators should closely monitor the $200 level as the point of “life and death” for the trend.

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